New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-09
CLOSING Prices or PIMA OsLPaIi sTOokS

TUESDAY March s-P N.
The stock market to-day In n general way presented
only its usual features Speculation duh with
firm indie, tion OF strength; prices do not advance
much because OF lack OF general outside buying which
Is deferred by the constant humping on the light
money string and they do decline when hammered
because real holders OF all except the "high-hyiDg
stocks believers In the general Improvement already
made and In further progress to be made IN commercial
and mercantile affairs In the meantime special activ
fly OF certain kind IS kept mp class OF stocks. the
market figures for which make conservative people
feel that they know nothing about values and
cause midty In making new ventures. Wonldhe opera
may well be shy when they snoh stocks as Erie
common and Omaha common dragging at "a and 20 re-
spectiycly when both OF those companies earning
than dividends upon their preferred stocks. and
tivy and buoyancy In Philadelphia and Reading at 80.
and In Richmond and West Point at 43; when they
tice that Erie preferred remains dull about To- while
Central OF Newersey f. eagerly sought for at the same
figure What Is behind the class I'm the way Of
sructions paid and growhs Of properties
the dates thereof and what Is before he other class
the uncertainties To follow reconstrucons yet IA be
comp eted well known and understood 10 require
further reference The differences In the market values
OF the securities named and OF others which might be
named. simply part Of tho Inconsistencies of the
stock speculation and by means reflections Of
parative merits The transactions today amounted
32l III shares but Western Union and Philadelphia
total Western Union sold up 10 ISIS carly In the day
later less active but II closed AT 77ie-Ony Il
higher than last evening Among tho coal stocks Della
ware Lackawanna and Western first to develop par
tcular strength. and after II had H-en FROM lJi
TO 80 that Reading became particularly active TIL
after 1890 o'clock Reading quiet at 81 81 e.
suddenly became intensely active and excited and nd
vanccd "a 39is. closing of only i 49, Central OF
NcwIcrsey a special feature the aarly dealings
10 opened up = pcr cent II - while 40 stock
madcd y per cent per dag for QUICKLY sold up
72ia AMI later at 70. and coscl at - Richmond aud
West Point only sold = per cent higher than IT. last
evenings price and closed with nnai rnin Of
only = per cent AZ NcwYork and New England late
In the day suddenly developed movement and rose
/ per cent 20 50. aud closed G27s. The street
treated To than tho usual number ~ rumors con
cernng the projects Of the Richmond and West Point
Company; bat the which attracted the most atton
ton was that one Involving grand consolidation OF
interests between the great Southern combination the
Baltimore and Ohio. the Recalling aud the Central OF New
jersey railways. The scheme T. so Immense IN it,
niudc M well n being composed u q curious
ture good bad Indifferent that one is excused FOR
being increulous concerning Nevertheless the report
found MANY believers. but II could he neither confirmed
cOntradcied by competent authority. How little or
how much ~ had 10 do with the making O prices for the
various securities i another question The gurcs could
have BEEN aud perhaps were. made by sheer force OF
the general market; 10 ENCOURAGES suggishness rather
than stimulates activity 30 today tho general marset
duer than yesterday, and only remained
strong.
Government bonds were quiet hut firm with advances
bids OF J. for the 4s aud for the 2s Annexed
are the closing quotations: